OMB APPROVAL
OMB Number 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response......0.5
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FORM 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Hammarskjold Philip Ulfsson
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(Last) (First) (Middle)
One Maritime Plaza, Suite 1200
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(Street)
San Francisco CA 94111
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(City) (State) (Zip)
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2. Date of Event Requiring Statement
(Month/Day/Year)
5/11/98
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3. IRS or Social
Security Number of
Reporting Person, if
an Entity (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Young & Rubicam Inc. (YNR)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
x Director 10% Owner
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Officer (give ----- Other (specify
----- title below) below)
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6. If Amendment, Date of Original
(Month/Day/Year)
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7. Individual or Joint/Group Filing
(Check applicable line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial Ownership
(Instr. 4) Indirect (I) (Instr. 5)
(Instr. 5)
- ------------------- ----------------------- ----------------- -----------------------
Common Stock, par value See Note (1) See Note (1) See Note (1)
$0.01 per share
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* If the Form is filed by more than one Reporting Person, see
instruction 5(b)(v).
</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly
(Print or type responses)
(Over)
SEC 1473 (7/96)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially
Owned (e.g., puts, calls, warrants, options, convertible
securities)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Date Exercisable and 3. Title and Amount of Sec- 4. Conversion or 5. Ownership 6. Nature of
Security Expiration Date urities Underlying Deriva- Exercise Price Form of Indirect
(Instr. 4) (Month/Day/Year) tive Security (Instr. 4) of Derivative Derivative Beneficial
-------------------- -------------------------- Security Security: Ownership
Date Expir- Amount or Direct (D) (Instr. 5)
Exerci- ation Number of or Indirect
sable Date Title Shares (I)
(Instr. 5)
------------------ ------- ------- ----- ------------ -------------- ---------- ---------
Option Shares See Note (1) See Note (1) See Note (1) See Note (1) See Note (1) See Note (1) See Note (1)
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</TABLE>
Explanation of Responses:
/s/ Philip Ulfsson Hammarskjold 5/29/98
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** Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15
U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually
signed. If space provided is insufficient, See Instruction 6
for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB number.
SEC 1473 (7-96)
<PAGE>
Young & Rubicam, Inc.
Note (1)
An aggregate of 29,171,670 shares of Common Stock and options to
purchase an aggregate of 2,530,260 shares at $7.667 (expiring 50%
in 12/01 and the remainder in 12/03) are owned by Hellman &
Friedman Capital Partners III, L.P., H&F Orchard Partners III,
L.P. and H&F International Partners III, L.P. (collectively "the
H&F Investors"). The sole general partner of the H&F Investors is
H&F Investors III ("Investors III"). The managing general partner
of Investors III is Hellman & Friedman Associates III, L.P.
("Associates III"), and the general partners of Associates III
are H&F Management III, L.L.C. ("Management III LLC") and H&F
Investors, Inc. ("H&F Inc."). The sole shareholder of H&F Inc. is
The Hellman Family Revocable Trust (the "Trust"). Mr. Philip U.
Hammarskjold is a member of Management III LLC. Mr. F. Warren
Hellman is a managing member of Management III LLC, a director of
H&F Inc. and a trustee of the Trust. Investors III, Associates
III, Management III LLC, H&F Inc., the Trust and Messrs.
Hammarskjold and Hellman exercise, directly or indirectly, voting
and investment discretion with respect to the shares held by the
H&F Investors and could be deemed to beneficially own such
shares, but each of them disclaims such beneficial ownership
except to the extent of its or his indirect pecuniary interest in
such shares.
